Allen & Overy Shearman (A&O Shearman) has made a notable addition to its U.S. restructuring practice by welcoming back Ned Schodek as a partner based in its New York office. The decision, which was announced on Wednesday, underscores the firm’s commitment to bolstering its expertise in handling complex restructuring and bankruptcy matters.
Schodek is a seasoned professional known for his adept handling of large-scale Chapter 11 cases. His portfolio includes representing a diverse clientele, comprising creditors, ad hoc creditor groups, debtors, asset acquirers, and others involved in intricate financial restructurings. His counsel extends to prepackaged, pre-negotiated, and traditional bankruptcies, as well as out-of-court workouts and debtor-in-possession financings.
Prior to rejoining A&O Shearman, Schodek was associated with Schulte Roth & Zabel, bringing with him a wealth of experience from his tenure at the firm. This strategic hire is anticipated to enhance A&O Shearman’s capability in offering comprehensive legal solutions to clients navigating the complexities of financial distress.
The firm’s move to bring Schodek back on board highlights a broader trend in the legal industry, where firms are increasingly prioritizing restructuring expertise in anticipation of potential economic turbulence. For more details on this development, visit Bloomberg Law.